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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (1862)	8/8/2013 10:11:39 AM
From: Goose94	Read Replies (1) \| Respond to of 202923

Surge Energy (SGY-T) continued to give investors reasons to cheer, as the company announced a dividend increase. The company’s board approved an increase in the annual dividend from $0.40 to $0.42 as of September. The company cited better than anticipated drilling results at Valhalla, Silver and Nipisi South, better than anticipated early waterflood response at Nipisi, significantly better than forecasted North American crude oil prices; and continued execution of Surge's ongoing hedging/risk management program as reasons for the dividend increase. The company has done a very good job transitioning itself to sustainable, moderate growth dividend paying oil and gas company and expects to grow 3% to 5% annually on a reserve, production and cash flow per share basis. The company’s transition began last May when Paul Colborne was appointed President and CEO, and then subsequently pulled the trigger on a $240-million acquisition of crude oil assets in Southwest Saskatchewan.